S Corporation owners should grasp the tax nuances surrounding perks. Though benefits like company cars or meals may seem advantageous, they’re taxable. Owners must understand how these perks impact both personal taxes and the business’s finances. Seeking advice from tax professionals offering tax planning for S corporations in Mayfield Heights Oh is vital to navigating this terrain effectively. With expert guidance, owners can strategize to maximize perks’ benefits while minimizing tax liabilities, ensuring both personal and business financial health in the complex tax landscape.